University of Illinois at Urbana-Champaign Has Insured Itself Against Enrollment Drops

If it has a price, it can be insured. Apparently, that also includes insuring against drops in college enrollment.

The Chronicle of Higher Education recently reported that the University of Illinois at Urbana-Champaign has had an insurance policy in-force since 2015 that would pay for lost revenue if Chinese student enrollment declines.

According to the article, the policy works roughly as follows:

• The university pays over $400,000 in premium per year for a coverage limit of $60 million.
• The policy triggers if revenues decline at least 20 percent in a single year following a drop in Chinese student enrollment in its business and engineering schools.
• Covered triggering events include things like visa restrictions, pandemics, and trade...

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University of Illinois at Urbana-Champaign Has Insured Itself Against Enrollment Drops was originally posted by ClaimsMate.com Insurance Information Resources